Check Profit and Stop EA a Day

[tam]

Yes. Check Profit and Stop EA a Day and Continue working the next day.

[Bogdaiki]

With a formula for checking Equity > Balance Take Profit Target and flags for trading (only if ON).
Set the flag to ON once a day and to OFF when you hit the target (it will reset next day).

[tam]

@Bogdaiki Can you help me look at it?

[jstap]

The flag option works, as long as you reset daily, you could use check profit (period of time) one above buy/sell, and one above a close block.

[Ipod]

Below is something I use for Max Daily Drawdown, you could modify this to work on stopping your EA on profit instead. Turn OFF BLOCK 1 is a block at top of my Buy / Sell string and then on the next day a new balance is taken and BLOCK 1 is turned on again.

It should be pretty simple to modify this to work once equity goes above your specified value.

Below is my calculation for Daily Drawdown Cut Off:

Assume balance is 100k
Balance x (drawdown in percent / 100)
100,000 x (3.5%/100) so 100,000 / 0.035 = 3500
Balance - max drawdown previously calculated
100,000 - 3500 = 96,500
Turn Block 1 on (allows trading, if previously stopped)

Drawdown Check Condition on the right side.

Account Equity <= (equal or lower than previous calculation) 96,500
Close trades
Turn block 1 off (prevents new trades opening

[tam]

@Ipod How use Profit per Day ?

[Ipod]

@Ipod You're gonna have to do some leg work my man